As per my analysis, I am still bearish as long as 52.3/55.1 holds resistance and expecting 44.5, 43.8$.
Cmp 48.64, sell at cmp 48.64 or on rise with strict sl 49.8 for 44.5, 43.8 and my positional targets.
Update 11:56 am
As per my charts, actual targets on the downside are: 42.2/41.
This can be achievable, if n if only crude resisted by 55.1/57.54/59.02.
If the above levels resists, min downside target is 44.2.
For any move below 46.4$, I will be bearish again.
Now crude may go to 50$ n then it will come down as per my view.
Thanks,
All the best.
